12/3/2 Sacramento, CA – State Farm General, the California arm of the nation’s largest home insurer, plans to suspend writing homeowner policies for new customers in the state as of May 1. The decision, conveyed Friday to State Farm agents in California, was perhaps the first major salvo in insurers’ efforts to recover losses resulting […]
7/28/02 Austin, TX – Five of the state’s biggest insurance companies are joining forces to lobby the Legislature. Some lawmakers already are calling for more regulation to address skyrocketing premiums and shrinking coverage for homeowners. Some legislators also want to curb the use of credit scoring, the secret rating systems that many insurers […]
What’s the best way to get rid of mold? The insurance industry has an answer: Exclude it 8/09/02 Los Angeles, CA – State Farm Mutual Automobile Insurance, the largest home insurer, has eliminated coverage for mold in 33 states, including South Carolina. Even if the mold is the result of storm damage covered by a […]
7/20/02 Dallas-TX – On the heels of threats from the state, Farmers Insurance Co. backed away Friday from new homeowners policy restrictions tied to water and mold claims. The conciliatory move by the state’s second-largest home insurer came as the state allowed insurance companies to begin selling homeowners insurance policies commonly used in other states, […]
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